New Issue: RBC prices $850,000 callable contingent coupon barrier notes tied to indexes

By Susanna Moon

Chicago, June 29 – Royal Bank of Canada priced $850,000 of callable contingent coupon barrier notes due Dec. 16, 2019 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 11% if each index closes at or above its 75% coupon barrier on the observation date for that quarter.

The notes are callable on any interest payment date.

The payout at maturity will be par plus the final coupon unless any index finishes below its 75% trigger level, in which case investors will lose 1% for each 1% decline of the worst performing index.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Callable contingent coupon barrier notes
Underlying indexes:	S&P 500, Russell 2000 and Euro Stoxx 50
Amount:	$850,000
Maturity:	Dec. 16, 2019
Coupon:	11%, payable quarterly if each index closes at or above 75% coupon barrier on observation date for that quarter
Price:	Par
Payout at maturity:	Par plus final coupon unless any index finishes below trigger level, in which case 1% loss for each 1% decline of worst performing index
Call:	At par on any interest payment date
Initial levels:	2,433.14 for S&P, 1,396.674 for Russell and 3,563.88 for Stoxx
Trigger levels:	1,824.86 for S&P, 1,047.506 for Russell and 2,672.91 for Stoxx; 75% of initial levels
Pricing date:	June 7
Settlement date:	June 14
Agents:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78012KV46

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